SJM Holdings (00880) said its profit attributable to owners for the three months ended 31 March 2016 dropped 44.1% year-on-year to HK$561 million.
The decrease was mainly caused by the 22.8% decrease in gaming revenue to HK$11,019 million.
Adjusted EBITDA of the Group in the first quarter of 2016 was HK$838 million, down 32.5% year-on-year.
The Group's gaming revenue accounted for 20.2% of Macau's casino gaming revenue during Q1 2016, as compared with 22.7% in Q1 2015.
The Grand Lisboa Palace, the Group's integrated resort on Cotai which is planned for completion around the end of 2017, continued to make progress on construction in Q1 2016.
03/05/2016 17:23
SJM Holdings (00880) 1Q profit down 44.1% to HK$561m
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